CBD COMPANY OWNERS FACE CHARGES AFTER CREATING FAKE STOCK NEWS | TRICHOMES Morning Buzz скачать в хорошем качестве

CBD COMPANY OWNERS FACE CHARGES AFTER CREATING FAKE STOCK NEWS | TRICHOMES Morning Buzz

Cannabis News Update October 1, 2020 Today in the world of cannabis: A medical cannabis company sells its Midwest assets, a hemp company for the first time enters two South American markets, and judges sentence three individuals involved in a CBD stock scheme. The Morning Buzz presented by TRICHOMES brings you late-breaking news that tells you what's happening within the cannabis industry. Check in with the cannabis community at TRICHOMES.com First up: PRNewswire reports that Vireo Health International has reached a deal to sell its assets and liabilities of its Midwest affiliate company Ohio Medical Solutions. Ayr Strategies Inc. has agreed to purchase the company for a total of $4.85 million. “This transaction allows Vireo to monetize a license acquired at minimal cost through a merit-based award process, and reallocate the proceeds to our core markets, where we see significant opportunities to improve revenue growth and future cash flow generation,” said Kyle Kingsley, M.D., Founder and Chief Executive Officer at Vireo. “We're especially pleased to achieve yet another milestone for our shareholders without the dilutive impacts of other forms of financing. We're continuing to scale our operations in high-value markets like Arizona, New York, New Mexico, Maryland and Minnesota, and expect to generate stronger performance across each of these markets in fiscal year 2021.” Ohio Medical Solutions, based in Akron, was awarded a permit to produce medical cannabis in the state through a merit-based submission process last year. The $4.85 million purchase includes $1.15 million in cash and $3.7 million in Right of Use liabilities tied to lease obligations. https://www.prnewswire.com/news-relea... And next: The Marijuana Company of America, or MCOA, a hemp and CBD company specializing in proprietary botanical ingredients, has announced the launch of two subsidiaries in South America. This according to PRNewswire. MCOA, developer of the hempSMART premium product line, has begun MR Hemp Brazil and MR Hemp Uruguay to expand the product line to South America. This marks the first entry of CBD products into the respective market. “The partnerships will be led by one of our prestige Board Directors, Mr. Marco Guerrero, who is a Brazilian national, and has a two-decade experience in insurance and reinsurance,” said Jesus M. Quintero, CEO of MCOA. “For the past five years, he served as a director at Truster Brasil, a reinsurance company which he co-founded. Marco has the relationships needed that will drive this international business through his extensive list of contacts and relationships in Latin America.” “I am excited to work with the MCOA team in penetrating these markets which will also align with MCOA's socially responsible initiatives by providing the markets of Brazil and Uruguay with job opportunities, local business development, and meet a need by consumers seeking affordable quality CBD products,” said Guerrero. https://stockhouse.com/news/press-rel... Last up: Candid Chronicle reports that three California men have received their sentence following a cannabidiol company stock manipulation scheme in which they issued fake press releases to create the illusion that their company, Holy Grail, was faring well and to boost its stock price. First Assistant United States Attorney Jennifer Arbittier Williams charged 49-year-old Chip Hackley of Hermosa Beach and 51-year-old George Matin of Los Angeles with conspiracy, wire fraud, and securities fraud. They were sentenced to 15 months in prison and two years of supervised release. As for 81-year-old Harold Minskey of Northridge, who was named as a co-conspirator in the scheme, United States District Court Judge Paul S. Diamond sentenced them to one year and one day in prison, followed by two years of supervised release. “Innocent individuals who try to legitimately invest and save money for the future are the ones who lose big when greedy fraudsters like Minskey, Matin and Hackley manipulate the markets with pump and dump stock schemes,” said Williams. “Market manipulation also causes our economy to take a hit because the public cannot trust that the markets are free and fair. Thanks to the excellent work of the FBI, SEC, and prosecutors from this Office, these defendants’ days of profiting off of others’ misfortune are over.” https://candidchronicle.com/three-cal...